905 Queen StKinston, NC 28501

  • Office buildings
  • 2,436 SF
For Sale
$219,000 View listing

Property Details for 905 Queen St

Year built
1964
Lot size
0.67 AC
Property size (Sq ft)
2,436 SF
Zone code
O&I
Property type
Office buildings
APN
452539367207
APU
452539367207

Description

This exceptional Kinston, NC commercial property offers 6,800 square feet of space across four one-story buildings, each ranging from 1,500 to 2,000 square feet. Located at 905 N Queen St, this Class C property boasts a prime location just off Vernon Avenue, Kinston's main retail thoroughfare, ensuring high visibility and convenient access. Built in 1964, the complex sits on a 0.67-acre lot (APN 14784) and is zoned B1, offering versatility for various commercial uses. The asking price is $219,000 ($32.21/sq ft). Ample parking is available, catering to both clients and employees. This adaptable property presents a unique opportunity for businesses seeking a central, high-traffic location in Kinston, North Carolina. The property's four distinct buildings provide flexibility for a variety of uses, from corporate offices and professional services to retail spaces. This is a compelling investment opportunity in a thriving area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $590,472
    6.5%
    $545,051
    7%
    $506,119
  • Comparable approach

    Method
    Valuation
    Relative Method
    $644,862
    Geo Method
    $559,159
  • Alternative Use

    Use
    Valuation
    Residential Income
    $675,863
    Hospitality / Lodging
    $619,087
    Institutional / Educational
    $515,073
    Healthcare / Senior Housing
    $532,787
    Retail / Commercial
    $801,225

Location Insight

City
Kinston
County
Lenoir
State
North Carolina
Latitude
35.2702
Longitude
-77.5804
CBSA code
28820
CBSA name
KINSTON, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,653
$47,040
$179,128
$226,168
-
$47,040
$179,128
$226,168

FAQs

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